The European bailout is having an impact across the eurozone economies, not just hammering the euro, but also bringing fringe states’ equity markets under threat. There’s a flight to quality going on, and it is not in Spain, Italy, or Portugal.
Spain’s IBEX, down 1.67%
Italy’s S&P Mib, down 0.78%
Portugal’s PSI, down 0.74%
And the flight to quality, Germany’s DAX, up 1.05%